Overview

An examination of the effects on economic performance of several key features of the US electric power industry. Paramount among these are public versus private ownership, vertical integration versus deintegration, and retail competition versus monopoly distribution. Each of these, as well as other structural characteristics of utilities and their markets, are analyzed for their effects on costs and price. These issues are important for a number of reasons. The US electric power industry is presently embarking on a fundamental restructuring in terms of integration and competition. In other countries, privatization of state-owned enterprises is being viewed as the answer to unsatisfactory performance. From a longer perspective, the question of the relative performance of publicly owned versus privately owned utilities in the US has never been resolved. And despite much speculation there is little reliable evidence as to the importance of either vertical integration or competition.

Full Product Details

Author:   John E. Kwoka Jr.
Publisher:   Springer
Imprint:   Springer
Edition:   1996 ed.
Dimensions:   Width: 15.60cm , Height: 1.20cm , Length: 23.40cm
Weight:   1.050kg
ISBN:  

9780792398431

ISBN 10:   0792398432
Pages:   196
Publication Date:   31 December 1996
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Public versus Private Ownership and Regulation of Electric Utilities.- Economies of Scale, Vertical Integration, and the Role of Competition.- Costs and Their Determinants.- Price and Markup Behavior.- Extensions to Simultaneous Equations and Customer Classes.- The Political Economy of Ownership and Regulation.- Conclusions.

Reviews

' ... the discussion and analysis in this book has significantly expanded the understanding of cost and pricing performance of the U.S. electric utility industry, and has provided important insights into the main issues facing the industry here and abroad. I highly recommend this book to readers interested in the future of the industry.' The Energy Journal

' ... the discussion and analysis in this book has significantly expanded the understanding of cost and pricing performance of the U.S. electric utility industry, and has provided important insights into the main issues facing the industry here and abroad. I highly recommend this book to readers interested in the future of the industry.' The Energy Journal

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